Where Should You Invest in Plymouth Now? Top Areas to Watch

Looking to invest in property? Finding the right place to invest can sometimes feel like an uphill battle – particularly when you’re considering the different areas in Plymouth.

Located on Devon’s south coast, Plymouth delivers a perfect mix of beautiful scenery with modern living and has grown into a top location for a variety of buyers and investors. But with the property market constantly shifting, knowing which neighbourhoods offer the strongest opportunities is a key step towards making that smart investment move.

So, which areas in Plymouth show the most promise for investors?

In this article, we dive into the top areas in Plymouth to watch. Whether you’re aiming for a profitable rental, a buy-to-let, or a home with strong growth potential, we cover the latest local trends and property prices to help you make informed decisions and avoid costly mistakes. Let’s begin.

What’s the Average Property Price and Rent in Plymouth?

Before we explore the best areas to invest in Plymouth, it’s first important to get an overview of the current property prices and rental market. Whether you’re an investor on the look out for buy-to-let opportunities, or a prospect buyer looking to purchase a home in an area that will maintain its value, having a clear picture of the average costs will help identify areas with strong growth or rental potential.

According to the Office for National Statistics (ONS), house prices in Plymouth have experienced steady growth over the past year. With an annual price rise of 5.1% from 2024, the overall average property price in Plymouth has been recorded at £215,000 as of May 2025:

Rental properties in Plymouth can be varied, with monthly rents typically ranging between £665 and £1,420, depending on the property size, location, and condition.

For those looking for a more comprehensive dive into the ins and outs of annual price changes, the ONS Housing Price Data for Plymouth provides a detailed breakdown of property trends and can help you spot promising areas for property to let in Plymouth or properties for sale in Plymouth.

City Centre & Waterfront

The city centre of Plymouth is one of the most appealing areas in Plymouth for both investors and homeowners. As the heart of Plymouth, the city offers a vibrant atmosphere with the unique inclusion of stunning waterfront views.

With the average property prices ranging from £220,000 to £270,000 (Rightmove), the City Centre & Waterfront is highly appealing to all buyer types, including: first-time buyers and young professionals for its price range, as well as families and retirees looking for scenic views and marine charm.

Things to Do in Plymouth City Centre & Waterfront:

• Waterfront promenades for leisure walks
• Bars, restaurants, and cafés near the Barbican
• Close proximity to the city’s shopping centres and local markets
• Plymouth Railway Station for easy commuting
• Cultural attractions and events, including art theatres and galleries

As the city centre for Plymouth, this area has perfect links to all of the amenities and conveniences a resident will need. From local and independent shops, to cafes and cultural attractions. Plymouth’s city echoes with a strong sense of community, making it a desirable place to live and invest.

Additionally, the city’s excellent transport links – namely Plymouth Railway Station – and wide selection of places to eat in Plymouth city centre, this neighbourhood is perfect for renters seeking convenience alongside leisure.

Whether you’re considering purchasing a property to let in Plymouth or generally searching for properties for sale in Plymouth to plant some roots, the City Centre & Waterfront offers a mix of lifestyle benefits and investment potential.

At Boon Brokers, we specialise in helping investors and first-time buyers with fee-free mortgage advice. As a whole-of-market broker, we can help you access the best deals and guide you through the mortgage process, so you can focus on finding your ideal home in Plymouth.

Plymstock

Home to a perfect mix of urban convenience and suburban peace, Plymstock is widely regarded as the most sought-after place to live in Plymouth – making it one of the standout areas in Plymouth for families and investors looking for long-term value and returns.

Known for its green spaces, good schools, and community-oriented atmosphere, Plymstock is ideal for families (or those who are planning) to settle down and create a base for the future. While the property for sale in Plymstock reflects this demand in its prices, its convenient access to central Plymouth and strong rental demand makes it a compelling choice for buy-to-let investors.

The average property prices in Plymstock can range from approximately £262,000 to £320,000 (Rightmove). As a result, Plymstock is attracting a diverse range of buyers, but perhaps is more associated with younger families who are searching for excellent schools and spacious homes.

Things to Do in Plymstock:

• Parks and recreational areas for outdoor activities
• Local primary and secondary schools
• Shopping and dining at Plymstock retail hubs
• Community events and family-friendly activities

While we have noted the stand out features for young families, Plymstock remains a strong destination for both professionals and retirees who are drawn to the leafy streets, coastal access, and community-focused lifestyle.

Ultimately, the area’s mix of suburban calm and convenient amenities makes it a highly desirable place to settle down.

If Plymstock sounds like the right match for your home or investment, it’s important to check the current market for property for sale in Plymstock, or indeed, property to rent in Plymstock to find a property that best fits your budget and lifestyle.

Need to find out how much you can borrow to secure your investment?

Whether you’re an investor or a first-time buyer, Boon Brokers can help you understand your borrowing power and identify the mortgage that best fits your financial situation. As a whole-of-market, fee-free broker, our dedicated mortgage advisers will guide you through every step of the process, ensuring you secure the best mortgage deal that matches your needs.

Peverell

Peverell is a charming residential area, well known for its leafy streets, attractive period homes, and strong sense of community spirit. With highly regarded local schools and good access to central Plymouth, this neighbourhood is particularly popular with families and professionals seeking a quieter, suburban lifestyle while remaining within easy reach of Plymouth city centre.

In a similar fashion to Plymtock, Peverell offers a good mix of well-maintained homes, local amenities, and nearby schools. All of which makes Peverell one of the most desirable areas in Plymouth for both long-term living and investment.

The average property prices in Peverell generally reflect the area’s appeal while offering a more affordable option compared to surrounding areas. The property average in Peverell ranges from £135,000 to £300,000 (Rightmove), making it a solid choice for buyers seeking property for sale in Peverell or investors looking for houses to rent in Peverell.

Things to Do in Peverell:

• Local parks and green spaces for outdoor activities
• Excellent primary and secondary schools
• Boutique shops, cafés, and restaurants
• Community events and family-friendly activities

Once again, the range of property prices means that Peverell is highly sought after by all audiences. From families looking for open green spaces and proximity to schools, to  professionals and retirees who value the peaceful streets, strong community spirit, and easy access to city centre amenities, Peverell has something for everyone.

Due to Peverell’s wide bracket of property prices and proximity to key features, investors searching for cheaper property opportunities are likely to find Peverell as a great area in Plymouth to invest in.

By working with Boon Brokers, our expert mortgage advisers can help you find and secure the best buy-to-let mortgage products on the market. By assessing your borrowing power and financial goals, we guide you through the mortgage process, ensuring you secure the right deal while you focus on finding your ideal property in Peverell.

Devonport

With a rich maritime heritage and a growing reputation as one of Plymouth’s ‘up-and-coming’ areas, Devonport delivers a mix of historic charm and regeneration opportunities, making it an appealing option for opportunity as an area in Plymouth for investors to explore.

Devonport’s appeal focuses on its waterside living, historic architecture, and proximity to Plymouth city centre. With regeneration projects bringing modern housing and new amenities, Devonport is soon becoming a centre for community life and the place where people are choosing to put down roots.

Affordable housing and strong rental demand make Devonport attractive for those seeking property for sale in Devonport. Currently, the average property price in Devonport ranges from £146,000 for flats to £255,000 for terraced properties, with semi-detached homes averaging £201,500 (Rightmove). Detached houses in Devonport are far less common to come by, and when they do hit the market, they can often command a premium due to their rarity.

Things to Do in Devonport:

• Explore Devonport Park, one of the city’s oldest and most picturesque green spaces
• Visit The Box and other cultural attractions in nearby central Plymouth
• Enjoy waterside walks and views across the River Tamar
• Take part in community-led events and regeneration initiatives

The most important takeaway for those looking at Devonport is to note the ongoing projects to increase housing and infrastructure. While Devonport still carries elements of its dockyard character, these efforts are increasingly creating a new identity, creating opportunities for families and professionals alike who are seeking a balance of affordability with the promise of long-term growth.

If Devonport seems like the perfect opportunity for you, then explore the current property for sale in Devonport and find your next suitable investment or home.

Millbridge

Peaceful, easy, and well-connected, Millbridge stands out for its focus on historic charm amidst a more modern living. Its central location provides easy access to Plymouth city centre, and the area attracts professionals, small families, and buy-to-let investors alike. Whether you’re looking for houses for sale in Millbridge or houses for rent in Millbridge, the area combines a mix of housing styles with promising long-term value.

With average property prices ranging between £130,000 and £230,000 (Rightmove), Millbridge offers a diverse range of property options to suit various budgets. From affordable flats ideal for first-time buyers to terraced homes with strong rental potential, the area presents opportunities for both homebuyers and investors seeking solid returns.

Things to Do in Millbridge

• Riverside and waterfront walks
• Independent shops, cafés, and local pubs
• Excellent transport links to Plymouth city centre
• Community events and cultural activities

Whether you’re drawn to Millbridge for its convenient location, social amenities, or investment potential, Millbridge’s popularity is only growing. Young professionals, families, and investors alike are finding the area an increasingly compelling choice due to its combination of lifestyle features and strong rental demand.

If Millbridge fits your investment goals, then your next step is to find the mortgage that matches your property purchase needs.

At Boon Brokers, we specialise in buy-to-let mortgages and provide fee-free, whole-of-market advice to help investors secure the most suitable financing for Millbridge properties. Our dedicated mortgage advisers assess your borrowing power, investment strategy, and financial goals to match you with the most competitive mortgage deals that are on the market today.

Sherford

Championed as Plymouth’s newest and most ambitious residential developments in the UK, Sherford provides the ultimate in modern housing, green spaces, and a thoughtfully designed neighbourhood layout.

As a new development, Sherford is particularly attractive for families seeking contemporary homes, as well as investors looking to invest in a new and modern housing community with an unknown ceiling for potential.

Today, the average property prices in Sherford currently range from approximately £250,000 for flats to £380,000 for terraced homes, with semi-detached houses averaging around £415,000 (Rightmove). While these property prices are more than the other areas on our list, the costs accurately reflect the area’s premium modern offerings and family-focused amenities, with homes designed to appeal to buyers prioritising space, comfort, and community.

Things to Do in Sherford:

• Enjoy parks, walking paths, and communal green spaces ideal for families and outdoor activities
• Access modern schools, healthcare facilities, and local services within the community
• Explore nearby shops, cafés, and restaurants
• Benefit from excellent road connections to central Plymouth and surrounding areas

With its combination of convenience, quality, and a strong community feel, Sherford has positioned itself as one of the most sought-after areas in Plymouth for modern living.

For investors, Sherford’s appeal lies not only in its contemporary housing but also in its long-term growth potential. With ongoing development projects, the area and surrounding areas are promised to continue to attract families, young professionals, and investors alike.

Does Sherford meet your requirements? Explore the latest marketplace for either property for sale in Sherford or houses to rent in Sherford and secure a home or investment perfectly suited to your lifestyle.

Which Area of Plymouth is the Best Fit for You?

Choosing the right area in Plymouth will ultimately depend on your personal circumstances, financial budget, and long-term goals. Some buyers will look to prioritise proximity to work or transport links, while others may focus on schools, green spaces, or investment potential.

Understanding the strengths of each neighbourhood can help you make a more informed decision, whether you’re looking for a home to settle in or a buy-to-let property to grow your portfolio.

Can a Mortgage Broker Help Me Invest in Plymouth Property?

While a mortgage broker in Plymouth cannot select which properties to invest in, they can absolutely help secure the right mortgage for your property investment.

Whether you’re looking to invest in a property to let in Plymouth or secure a home that will build investment prospects organically, a trusted mortgage broker can help you evaluate your borrowing power and connect you with a mortgage tailored to your specific needs.

At Boon Brokers, we specialise in providing expert, fee-free mortgage advice that is tailored to your exact needs. Our dedicated advisers will take the time to understand your financial situation, investment goals, and preferences, ensuring that all guidance is personalised and practical.

As a whole-of-market broker, Boon Brokers can access the most competitive mortgage deals available today. From specialist lender products to popular high-street options, our dedicated mortgage advisers help you maximise your borrowing potential and secure the mortgage that perfectly suits your needs.

Contact Boon Brokers today and get expert advice from your dedicated mortgage adviser who will guide you every step of the way.